Randal Nardone: A True Self-Made Billionaire

Randal Nardone, a past attorney, is among the exclusive small number on the planet who are able to truly lay claim to being a self-made billionaire. The businessman, who has been included many times on Forbes yearly list of billionaires and at the moment maintains position # 557, is one of the 1998 co-founding principals and present chief executive officer of Fortress Investment Group–a prominent international equity and investment management firm, claiming a portfolio that features both private and public assets, real estate holdings, credit markets and hedge funds of almost 2,000 clients, totaling more than $46 billion.

Fortress also has the distinction of being the first large private equity firm to be listed on the New York Stock Exchange.In addition, Randal Nardone, who received his Bachelor’s Degree from the University of Connecticut and J.D. from Boston University Law School and practiced law for many years before entering into the financial markets; also serves on several business advisory boards, where he carries various titles; including president and director. If that isn’t enough, Randal Nardone is also the acting director of Italian Real Estate Development firm, Eurocastle Investment.

Apparently, multi-tasking and laser-precision business acuity are impressive gifts that a rarified few like Mr. Nardone have possession of; one, cultivated way back when he made the decision to leave his prestigious position as an executive partner with Thacher Proffitt and Wood Law Firm to venture into the oftentimes merciless and precarious waters of investment funding.Though a novice to the industry, Nardone proved to be a natural and quickly rose up the ranks and was soon the managing director of the Universal Bank of Sweden after stepping down as then head of Blackrock Financial Management. Shortly thereafter, in 1998, Nardone would meet the colleagues with whom he would co-found the immensely successful, Fortress Investment Group—Wesley Edens and Robert Kauffman.Some twenty years later, Randal Nardone, who is based in New York; exhibits no signs of slowing down.